The global cost of cybercrime could reach £4.9 trillion annually by 2021, according to a recent report from Cybersecurity Ventures. Cyber crime incidents continue to plague organizations globally, even as businesses pour money into boosting their security. The global cost of cybercrime could reach £4…
The global cost of cybercrime could reach £4.9 trillion annually by 2021, according to a recent report from Cybersecurity Ventures. Cyber crime incidents continue to plague organizations globally, even as businesses pour money into boosting their security.
But how do businesses deal with vulnerabilities they cannot identify? It only takes one smart hacker to discover a backdoor and get access to your sensitive data and systems. Organizations must identify the weaknesses in their cyber security, before — not after — they’re exploited by hackers. However, to beat a hacker you’ll need to think like one. Here’s how — and why — you should hire a hacker.
The Stakes Have Never Been so High
State sponsored hacking wreaked havoc in 2016, when Yahoo revealed that one billion accounts were compromised in the largest data breach in history. And as cyber crime becomes increasingly advanced, the threat hackers pose to businesses will only increase.
Leave your organization open to a data breach and it could cost you a massive £4.25m (on average). And that’s without considering the painful remediation and brand damage you’ll be subject to as a result.
These attacks aren’t restricted to huge multinationals. In UK, the latest Government Security Breaches Survey found that 74 percent of small organizations reported a security breach in the past year.
For any organization, a security flaw passing undetected is a huge risk, and when GDPR hits in 2018 the stakes will only increase.
The EU General Data Protection Regulation will come into force in 2018 and will govern how businesses handle customer data. Compliance won’t be easy, and the risk of non-compliance is massive, with potential £17 million fines.
Big businesses aren’t safe from this, and they’ll need to boost their data security to ensure compliance. Tesco was recently lucky to escape a £1.9 billion fine for a recent data breach.
How Hackers Will Boost Your Cyber Security
Not every hacker wants to attack your business and leak your sensitive data. There are hackers out there who are paid to protect, not provoke.
Known as „white hat“ or „ethical hackers“, these security professionals strive to defend organizations from cyber criminals.
